Thursday, June 10, 2010

Imperial Oil Increases Dividend

Another company from my DRiP portfolio has increased its dividend. Imperial Oil (Toronto: IMO) has boosted its quarterly dividend from $0.10 to $0.11 -- a 10% increase.

This will have a very small impact on my dividend income, as I own only a very small part of the company (about 10 shares at this point). This is still welcome news.

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